Fortinet Stock Price on May 1, 2023
| FTNT Stock | USD 64.73 1.72 2.59% |
Below is the normalized historical share price chart for Fortinet extending back to November 18, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fortinet stands at 64.73, as last reported on the 16th of April 2024, with the highest price reaching 67.19 and the lowest price hitting 64.58 during the day.
If you're considering investing in Fortinet Stock, it is important to understand the factors that can impact its price. We consider Fortinet very steady. Fortinet secures Sharpe Ratio (or Efficiency) of 0.0623, which denotes the company had a 0.0623% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fortinet, which you can use to evaluate the volatility of the firm. Please confirm Fortinet's Downside Deviation of 1.92, mean deviation of 1.61, and Coefficient Of Variation of 1054.11 to check if the risk estimate we provide is consistent with the expected return of 0.13%.
At this time, Fortinet's Common Stock Shares Outstanding is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 966 K in 2024, despite the fact that Sale Purchase Of Stock is likely to grow to (1.4 B). . At this time, Fortinet's Price Earnings Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 1.15 in 2024, despite the fact that Price To Book Ratio is likely to grow to (93.42). Fortinet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of November 2009 | 200 Day MA 63.1285 | 50 Day MA 68.8354 | Beta 1.07 |
Fortinet |
Sharpe Ratio = 0.0623
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| Cash | Small Risk | FTNT | High Risk | Huge Risk |
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Fortinet is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortinet by adding it to a well-diversified portfolio.
Price Book 699.2019 | Enterprise Value Ebitda 33.566 | Price Sales 9.558 | Shares Float 641 M | Wall Street Target Price 75.6 |
Fortinet Valuation on May 1, 2023
It is possible to determine the worth of Fortinet on a given historical date. On May 1, 2023 Fortinet was worth 62.3 at the beginning of the trading date compared to the closed value of 62.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortinet stock. Still, in general, we apply an absolute valuation method to find Fortinet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fortinet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortinet's related companies.
| Open | High | Low | Close | Volume | |
| 62.67 | 63.07 | 61.74 | 63.05 | 5,596,685 | |
05/01/2023 | 62.30 | 63.30 | 61.66 | 62.81 | 3,794,859 |
| 62.60 | 62.83 | 61.01 | 61.44 | 5,427,848 |
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Fortinet Trading Date Momentum on May 1, 2023
| On May 02 2023 Fortinet was traded for 61.44 at the closing time. The top price for the day was 62.83 and the lowest listed price was 61.01 . The trading volume for the day was 5.4 M. The trading history from May 2, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.18% . The overall trading delta against the current closing price is 7.13% . |
Fortinet Fundamentals Correlations and Trends
By evaluating Fortinet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortinet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortinet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortinet Stock history
Fortinet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortinet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortinet will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortinet stock prices may prove useful in developing a viable investing in Fortinet
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 788.2 M | 858.4 M | |
| Net Income Applicable To Common Shares | 985.9 M | 1 B |
Fortinet Quarterly Net Working Capital |
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Fortinet Stock Technical Analysis
Fortinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Fortinet Period Price Range
Low | May 1, 2023
| High |
62.30 | 62.81 |
Fortinet April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By undertsting and applying Fortinet stock market strength indicators, traders can identify Fortinet entry and exit signals to maximize returns
| Accumulation Distribution | 98318.62 | |||
| Daily Balance Of Power | 0.311 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 62.48 | |||
| Day Typical Price | 62.59 | |||
| Price Action Indicator | 0.59 | |||
| Period Momentum Indicator | 1.92 |
Fortinet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortinet's price direction in advance. Along with the technical and fundamental analysis of Fortinet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortinet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0657 | |||
| Jensen Alpha | 0.0739 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0582 | |||
| Treynor Ratio | 0.1157 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Fortinet Stock analysis
When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.035 | Earnings Share 1.46 | Revenue Per Share 6.813 | Quarterly Revenue Growth 0.103 | Return On Assets 0.1146 |
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.